Regardless of the federal election outcome, Australia needs policies for industry and finance to handle the risks posed by the ongoing global financial crisis and from Australia’s “two-speed” economy.Failure to confront these problems today, while it can still reap the benefits of the mining boom, risks Australia, in a fit of absent-mindedness, being drawn into the orbit of China and, ultimately, compromising its sovereignty.Following the global strategic and economic transformations underway, t…